Mobile banking – still a lot to do

Bankers have always been the first to use new technologies. Mobile technologies and the new app ecosystem are not different. Banks are investing a lot in Mobile Banking allowing their customers to manage their bank accounts remotely from their preferred smartphone.

Barclays Mobile Banking

Barclays Mobile Banking poster ad

Visa is providing in Europe a safe way to shop in the internet. You get a One Time Password by SMS on your registered mobile number to confirm your internet purchase.

HSBC is giving to their customer a Secure Key to secure access to their Internet Banking account. HSBC customers now need to have this nice calculator looking device in their pockets. They enter their PIN and get a One Time Password to access the HSBC internet website.

HSBC Secure Key

HSBC Secure Key

What if this device has been integrated securely into a SIM card? You launch the application, enter your PIN and here you get the OTP. It would replace the SMS to secure your Internet purchases and this piece of electronics.

This, would just require some bank & telco cooperation.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s